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telling than just what one election result might suggest. >> well, i think it certainly does and it gives him a certain platform and credibility that perhaps he didn't have before. but watching as these fiscal cliff negotiations have gone through the holidays, it certainly is perhaps a little bit more of a bully pulpit for the president and for his position on taxes. but i think the biggest story of the year came at the end of the year in the past week or so which is the massacre at sandy hook elementary school in newtown and i think the presidency now might be shaped by those events and those are the stories that both barnicle and andrea have chose n as the top story. would you agree this could be a signature for the second term? >> i to do. i do agree with that. i think the events of a few days ago in newtown, connecticut, will help shape a good portion of the president's second and final term in office. i think it gives us a huge impe it tus to changes in this country that had had taken too long to take hold. i think the presidency itself, i think the man himself was shaped and altered
that just got walloped in the election. can you expound on your theory there? >> first, let me just talk about democrats. you're too young to remember this, ari, but there was a period of time when people were wondering -- >> i dyed my hair, john. >> people were wondering when democrats could ever win a presidential election again, that's because they were on the wrong side of main street america, on some cultural change happening in the country. they were on the wrong side of issues like the death penalty, on issues like the use of force in foreign affairs, and it wasn't until they'd gotten whacked, george mcgovern lost overwhelmingly, mike ducacas was beaten pretty soundly. after all those things happened, the democratic party through bill clinton and others like him trying to change it, made the party more acceptable to the american people. republicans have not gotten there yet. it was a party as we saw in the election, a declining -- white share of the vote is the declining share of the electorate. their share is going up, but not enough to compensate. >> right. >> right now the sort
't understand how these people cannot do their jobs that they're elected to. so i'm wondering what's your take on what's going on in washington? you're sitting in washington. >> right. the at least we have bipartisan agreement it's all nuts, right? everyone agrees this is ridiculous and in spite of what they say, they've been talking about it for months and years and there was ample talk about what a framework should be through the election, which wasn't that long ago. there's plenty of debate. to tie the two stories we have been talking wiabout together, there was a colin powerful doctrine that general schwartzkopf executed so well in the first gulf war. which was have an exit strategy and using overwhelming force. this congress had an exit strategy. they had the idea of overwhelming force, and they set themselves these limits. if they got through this deadline the pain would be so great on themself -- this is self-imposed -- they would find a way out. they have not executed their own strategy and been able to vote for their own leadership. what you have in washington just to take a step back
you were happy to do that so close to an election when some might say politically that wasn't the best thing to do. >> this is much more important than any election, piers. this is the livelihood of the people in my state when the president does this evenings that deserve praise, i will give him praise. when the president does things that deserve scorn, i will give him scorn. people know that about me. i am not going to play politics with this issue. this is so much bigger than an election. this is the livelihood of the people of my state. people expect me to get the job done. when they ask me a question, i give an honest answer. how has the president been on this? he's been great. >> this killed ambassador christopher stevens, the country's terrorism chief now says it was a terrorist attack. >> clearly the death of ambassador christopher stevens continues to reverberate and the truth or otherwise of the circumstances leading up to his death seem to be pretty vague to put it mildly. where do you think we are with this? >> well, let me tell you what's not vague and that is five days aft
" the day after the election saying time to deal with the debt. everybody knows it. that was the whole idea, right? this was the big plan. election year is too divisive to get anything done. just kick the lame duck. so what happened? why can't congress find a way to work together, even with a gun at their head? >> because they don't get along. i think it may have been naive of some of us to think that the election was going to be the magic formula and they would play well in the sand box after the election. what's it going to take? i think it's going to take for us to go off the cliff and the american public demanding action. i think we're going to see that over and over again. it's going to be the american public demanding action on gun control. it's going to be the american public demanding action on immigration because we have to force them to act. >> but american public also has to stop acting as if they play no role in this. when you look at our politics over the last 20 years, if you were a moderate democrat and if you were a moderate republican, you frankly have been forced out of bo
's very clear now, mr. president, that the speaker's number one goal is to get elected speaker on january 3rd. the house is not even here. he's told me he'll give them two days to get back here, 48 hours, not two days, 48 hours. they don't even have enough of the leadership here to meet to talk about it. they've done it with conference calls. people are spread all over this country because the speaker is basically waiting for january 3rd. now, the president campaigned on raising taxes on people making more than $250 thou,000 a year. the bush tax cut will expire at the end of this year. obama was elected with a surplus of about three million votes. he won the election. he campaigned on this issue. again, the speaker can't take yes for an answer. the president has presented to him something that would prevent us from going over the cliff. it was response to something that the speaker gave them himself but i guess with the dysfunctional republican caucus in the house, even the speaker can't tell what they are going to do because he backed off even his own proposal. the house, we hear so ofte
say more things are on the table than were before the election. the pessimist would say yeah, but there still isn't the substance of an agreement. >> the mechanics, i mean, what we have -- on the obama side, you have an election that pretty much, you know, they took as a mandate, if you will, where, you know, the very issue of taxes was sort of legislative, and the americans basically said they agreed with the president, saying that taxes need to rise on the wealthy. and then you have the right wing of the republican party who won also by wide margins in many deeply conservative districts. and they think they have a mandate. so in a way, it's like the two mandates are canceling each other out. they each think that they are -- and that is why we're frozen. i don't know if it's been that way -- i don't know if the mechanics have been such that it has been so polarized to the point where it's been paralyzing. >> where they feel like they've each won. >> it doesn't baffle me, it sort of angers me is that the conservative republicans who won by overwhelming margins in their distri
hold this vote as a score on whether to support them or oppose them in the last election they got very scared and they said we'll vote against the party leadership. >> that could have emboldened them. >> so the speaker is trying to punish them and those that were the outliars as you were describing here. that didn't work and they started to work against them and the question will be what will work? >> it is not clear that there is anything that will work other than as bill points out, having their constituents not support that type of behavior that sort of -- i like to call the hell no caucus. you can't get these guys to yes. if their constituents get to the point that they're angry, then maybe they should start voting with the party. and it's not just speaker john boehner. he was not the one sort of leading the rabble of the one leading it, he did serve on the panel and he wasn't personally the force behind that. can the speaker ignore these groups because based on what we're seeing so far they're working against him. >> he can't ignore them and what the president has to do is simply
the threshold for tax increases, reversing massive pay cut from medicare doctors, and elections of millions of americans to avoid paying the alternative minimum tax. an increase in the debt ceiling is not part ofhe discussion. that is significant development r house republicans who won any increase in the borrowing limit it accompanied by an equal amount in spending cuts taking the debt ceiling of the table making it much easier for the scaled-down version to be negotiated. from here senate leaders will try to secure an agreement by sunday morning. if so, democrats and republicans will try to sell its house and senate members. if they can do that the voting begins. there is some progress report this evening, though there are no guarantees. congress will act to resolve this. tom: this sounds a little bit like bob woodward's book to by bob woodward's book when he talked about the debt ceiling fight back in 2011. mcconnell, from the way i read it, mcconnell and reid took it away from the president and said , let us to work our own deal by ourselves, kind of cutting him out of the negotiations.
with re-election? >> well, we really felt a little embarrassed that the president went there with the cpi. that's the cost of living and adjusting. because with all of this debate if you take the poorest of the poor people, those that are living on social security and believe they should be the target, and knowing you're negotiating with someone that's trying to protect the top 2% of the people, it's kind of hard for just rational people to go along with that. and of course under no circumstances can a lot of people understand $250,000. the president kicked it up to $400,000. and boehner said go to the devil, it should be a million dollars. and so we hope at some point the president's going to realize that he's not dealing with people that are sincerely dealing with him and get back to what he campaigned for. >> well, are the republicans at all concerned that the nation must look on them protecting the interests of the super wealthy and those with deep pockets and big spending, protecting them at all costs, especially at the risk of hurting the working poor and the middle class? are they
who might be skittish on that. it's also a fair number of moderate democrats who are up for re-election in the next cycle, 2014, who are from red states, who simply will not even talk to reporters about the idea, much less endorse the idea of supporting any kind of new gun control measures yet. >> even now. you would -- well, i'm being naive, i know. if you have strong feelings about it, after what newtown happened, don't constituents want to know what their legislators think? why not just embrace what you think even if you say, well, i don't think gun control laws should be put into place in america. >> if i told you it was tough politics, would you be shocked? that that's the reason why. but in all fairness, i think that the political realities and the fact it is politically tough, despite what happened in newtown for a lot of politicians to do anything to anger the gun rights enthusiasts. and we're talking about, as you reported, a 4 million member organization, it's tough for them to do that. i think also, everybody is just trying to kind of work through what could be possible legis
was seen strict irbefore the elections and hand brought forward the dematte manned that might have been in the future, people wanted to bite hand guns. >> always the case. any time the debate over gun control flares up. >> does the framework of the "wall street journal" piece tell us anything new about best buy, sears? >> for sears, we have seen them cut costs, cut costs, sears and the kmart stores. it seems that this year the reckoning, the kmart operation, people have lost track of that if you send people inside kmart today, i think you basically find a relatively horrifying situation for the average consumer. i mean, really bad stores that haven't been given the proper maintenance budgets that they deserve. for -- is it life or death? no h i think for the kmart part of it, there will be some sort of reckoning. i say life or death maybe moves more into that category for radioshack that stock has just been getting pummeled. tried to adapt themselves as mobile phone retailer and margins getting killed in kind. so i think this year is sort of that moment, someone come in and do an lbo, e
election. on november 6th president obama beat republican rival mitt romney to win a second term. what other stories topped the list and what do they tell us about the world we live in today. john fund is a columnist for "national review magazine" he joins us to weigh in on this. john, good to see you. merry christmas to you. >> thank you. kelly: we hope you're doing well. we know the top story was the election, it was a bitter fight to the end, president obama winning re-election. what does it tell us, though, about the campaign of mitt romney, and the mood of the country then, because we had so many other big stories affect the outcome of the election. >> well, this election, i think, was a very curious one, because president obama made some history. normal lee an incumbent with an economy that weak and no particular prospects of it getting better wouldn't have won re-election. but president obama was able to take advantage of i think dramatic stumbles on the part of mitt romney, the 47% line and various other things, absolutely. kelly: does it surprise you that mitt romney's people
that has gotten people talking. it has been seven weeks since the election and there has been a steady stream of details coming from both campaigns. now comes the revolution from tagg romney that his father had no desire to run for president again, at least at first. we have more on that story from boston. >> i have just called president obama to congratulate him on his victory. >> reporter: as mitt romney, members of his campaign staff and top gop leaders continue assessing how he lost the election to a vulnerable incumbent president, the oldest son of the former massachusetts governor is raising eyebrows about his dad's initial reluctance to make a second white house run. in a story published in the "boston globe" tagg romney said his father, quote, wanted to be president less than anyone. he would have been ecstatic to step aside. "boston globe" reporter michael krenish interviewed tagg romney. >> i know there were serious discussions at the time before he decided to run and he looked at the field of competition and saw it was pretty waeak and his family pushed him. >> reporter: nbc
the election and there has been a steady stream of behind-the-scenes details coming from both campaigns. now comes the revolution from tag romney that his father had no desire to run for president at least at first. we have more on that from boston. >> i have just called president obama to congratulation him on his victory. >> reporter: as mitt romney, top gop leaders continue assessing how he lost the election to a vulnerable president, the oldest son is raising eyebrows about his dad's initial reluctance to make another run. tagg romney said he wanted to be press less than anyone else in the world. if he could have found someone else to make the run, he would have stepped aside. >> i do know that there were very serious discussions and concerns at the time before he decided to run and he looked at the field of competition and saw it was pretty weak and his family pushed him to say that he would be the best person given the way the field has taken shape. >> nbc's garrett hak spent nearly a year and a half covering the romney campaign. >> in between campaigns romney was definitely stung by t
elections matter, but really they do matter, because they redrew the districts in such a way that make them relatively safe. so even if they make the bad deal, they may open the case that says you are re-elected in 2014. >> that is why you see bay snor who thought he had a great plan, the plan b that would provide his caucus with political coverage to go back to say that we are willing to increase the tax rates, and democrats didn't want to do it, and now we will start over and his own caucus could not get behind that, so even when they have their leader trying to put something before them that will provide political cover for them all, they can't get those numbers to vote for it. so i don't know, even if they kick it up to the senate, if the senate kicks it back down to them, that he is going to be able to get the support he needs in his caucus to pass it through the house. >> speaking of kicking it around, and that is what the president said yesterday. he asked that reid go to the up or down vote to see what it is, and what is the politics around that? >> well, john boehner, and it is imp
ma markey throwing his hat into the ring for kerry's senate seat. a special election would be held early this summer. markey a 66-year-old democrat is the first prominent candidate to declare for the race. >>> mom and pop shops across the country bracing for a labor fight that could cripple businesses. more on the key workers that could walk off the job coming up. consider this: when the unexpected happens, there's one brand of battery more emergency workers trust in their maglites: duracell. one reason: duralock power preserve. it locks in power for up to 10 years in storage. guaranteed. so, whether it's 10 years' of life's sunny days... or... the occasional stormy one... trust goes a long way. duracell with duralock. trusted everywhere. your doctor will say get smart about your weight. i tried weight loss plans... but their shakes aren't always made for people with diabetes. that's why there's glucerna hunger smart shakes. they have carb steady, with carbs that digest slowly to help minimize blood sugar spikes. and they have six grams of sugars. with fifteen grams of protein to h
a deal together. while the elected officials know they need to be more visible. >> mr. speaker, we ought to be here working, addressing these challenges. >> reporter: under pressure to show up, even if there is no deal to consider, congress will work this holiday weekend. the deadline is so close, outgoing members have already packed up their offices and need to move out while the harsh tone is going nowhere. >> the american people, i don't think understand the house of representatives is operating without the house of representatives. it's being operated with a dictatorship of the speaker. >> the president shows, instead, to spend his time on the campaign trail. >> reporter: what's at stake is real money for every american worker and family. >> the average family earning $50,000 to $75,000 a year will see their taxes rise $2400 in 2013. >> reporter: income tax rates go up at every level. taxes on capital gains and dividends will jump. the 2% payroll tax holiday ends. the alternative minimum tax will hit more families. long-term unemployment benefits expire. >> sad it got to this point,
education, all that stuff. they don't care about that. they spend the money on what they want to get elected. >> when you're saying that the previous mayor spent all the money, you're talking about mayor daly. rahm emanuel is in place now. >> right. >> he spent all the money on what? and then, two, what is the realistic proposal here to reverse the violence? >> well, over 20 years i can give you a laundry list of corruption and cronyism. but you know it well because you were here as well. and you saw it. there was a reporter once for "time" doing a cnn profile, comparing richard daly to andy of maybury and said he presides over chicago like andy of maybury. now that reporter is the press secretary for president obama. so there had been -- not you, obviously, but there had been people who were papering over and smooching up and making things look nice when they weren't nice. the city is broke. we're a thousand police officers down, at least, right? and now the city is creating this news flap, public relations issue, saying there is now we're going to take one off the 500 and make it 499. you'
. the opposition is also gearing up for parliamentary elections, which are supposed to take place within two months. in previous elections we saw the opposition unorganized and divided. this time they say they have a unified front to put as many as possible in the new parliament to change the constitution. while we see it unford, there's an economic crisis. egypt's economy is in dire straits, and the muslim brotherhood and islamic allies need you to unite with the option if they push through tough austerity measures which are fairly unpopular. the two sides don't seem like they're going to unite anytime soon, at least not until the parliamentary election. the economy just has to wait. ian lee, cnn, cairo. >>> in india protesters demand more protection for women. this is after a brutal rape aboard a bus. we'll talk with a woman that lived in new delhi and knows the dangers for women on public transportation. and a choice.with artn take tylenol or take aleve, the #1 recommended pain reliever by orthopedic doctors. just two aleve can keep pain away all day. back to the news. has oats that can help low
of a compromise. >> the american people reelected president obama on election day. they also reelected a republican majority here in the house. in doing so they gave us all a mandate. it was not a mandate to raise taxes on families and small businesses. it was a mandate to work together to begin solving the massive debt that threatens our country's future. >> reporter: the house and the senate will both be back in session tomorrow and the president has said he expects them to quickly vote to pass legislation to avoid the fiscal cliff, if, he and the speaker are able to make a deal before it's too late. gregg: we'll be holding our breath. peter doocy, thanks. >> reporter: yeah. patti ann: the commander-in-chief also spent part of his holiday thanking the troops on a visit to a hawaiian military base. the president and first lady paying tribute to those here and abroad who risk their lives keeping us safe. he took time to honor their families as well. >> so many of you make sacrifices day in, day out on behalf of our freedom, on behalf of our security, and not only do those in uniform ma
saying you tried to get the president not to be re-elected. you failed in that effort. he said you don't have the clout that you had politically in this town in past debates. >> the american people, i know one thing about them, they value their freedom. when the reality of the consequences of what the politicians in this town and the media and elites want to do to their rights and take them away, i think they'll do what they've done historically, defend the freedom. the american public knows the scene of the crime, it's a criminal and a victim. all these politicians aren't there. they see people like mayor bloomberg, new york city, if you're rich and you're famous you get your permit, if you're a .300 hitter with the mets, you get a permit, a big developer, you get a permit, wall street executive, you get a permit, the mayor's buddy, you get your permit. if you're a guy in the bronx, most in need of protection, you're flat out of luck. we're about the average guy, the noncelebrity, the non .300 hitter. we're about the nondeveloper. the average guy in the country values his freedom, doe
, have a responsibility to send our elected officials a respectful but potent message. there are about 120 starbucks stores in the d.c. area, really they're all over the place in d.c. >>> retailers were hoping shoppers will spend big today because early figures show holiday sales slumped to the lowest levels in three years. analysts are blaming hurricane sandy which hit just before the peak shopping season. folks are also a little more cautious about opening their wallets, concerned about tax hikes as we near this so-called fiscal cliff. >>> first, a tornado. now a blizzard warning. we'll break down the complex weather forecast next as part of the south starts to clean up after yesterday's storms. >> it is a wonderful school. i don't know what we're going to do with the kids when it is time to come back. this is a dangerous situation with all the roofs off, and the windows blown out. this is just devastating. can tow up to 9,600 pounds? 315 horsepower. what's that in reindeer-power? [ laughs ] [ pencil scratches ] [ male announcer ] chevy's giving more. get the best offer of the year -
. if there are disagreements, they sort through the disagreements. the notion that our elected leadership can't do the same thing is mind-boggling to them. it needs to stop. >> reporter: and congressional leaders called friday's talks constructive. >> we'll be working hard to see if we can get there in the next 24 hours. so i'm hopeful and optimistic. >> i'm going do everything i can, i'm confident senator mcconnell will do the same. but everybody, this is -- whatever we come up with, it's going to be imperfect. >> reporter: now the president said that he is confident that his plan could make it through the house. of course, that will be a challenge. he would need at least 30 republican votes. the house and senate expected back in session tomorrow. carl? >> kristin welker in washington, thanks. >>> john harwood is cnbc's chief washington correspondent. good morning to you. >> good morning, carl. >> we are down to the wire. a couple of days left. senate leaders are talking. what kind of deal could we be looking at? >> we could be looking at a deal that extends tax cuts for everyone under $400,000 in income.
presidential candidate mitt romney. >> this election is over. but our principles endure. >> romney ran on his impressive business credentials but it was his multiple gaffes during the campaign that analysts say helped seal his fate. remember the 47% comments. >> 47% who are with him, who are dependent upon government. >> and this one -- >> binders full of women. >> number six, ex-cia director general david petraeus. >> breaking news now coming in regarding the chief of the cia, general david petraeus. >> general petraeus, can you talk with us, please? >> the news was unexpected. the reason, shocking. petraeus, a retired four-star general, had quit his cia post and admitted he had cheated on his wife. petraeus' mistress was also his biographer, paula broadwell, an embarrassing exit from the public stage by one of the most respected public servants of his time. >> number five, super jumper felix bum gartner. let's face it, he did what no human has ever done, diving 24 miles from the edge of space, breaking the sound barrier along the way. >> i'm still the same guy. but as soon as you start trav
the american public what they want. what's not clear is exactly what should be coming out from the election. the president very clearly has been saying his bargaining power should have been increased and they should win some concessions from reps. we have not seen the answer yet. i don't think we will until we see a resolution to the fiscal cliff. >> we're just seeing more and more moving parts, aren't we, in the beltway? thank you both. stick around we'll get back to you in a bit. >>> senator mike crapo was arrested over the weekend. he ran a red light, then failed several sobriety tests. officers say he was cooperative and released on a boon. he quickly released a statement apologizing for the incident. >>> coming up for you, the tough road to the pentagon. former senator chuck hagel facing cry sim. and doubt from both sides of the aisle. >> i'd have to study his report. i'm not going to comment until the president make a nomination. >>> plus we're following breaking news. two firefighters shot to death, as they respond to a fire. the latest of that, coming up. when you have diabetes... y
roosevelt. my dad thought if roosevelt got elected there would never be another election. >> reporter: a vocal republican in his earlier years, buffett now leans left and is a big obama supporter. >> we were talking about the economy. >> reporter: what else. >> i brought along figures i thought would be of interest to him. this is the presidential medal of freedom. >> reporter: he's never had political ambitions like his father. >> that's my dad's campaign picture when he was 39 years old. this is my dad's desk. this sat on his desk when i was a kid, when i was 10 years old. i always admired it. >> reporter: this is my favorite thing in your office. i need one of those. the too hard box. >> the real problem is if they're in there and i don't realize it. >> reporter: then there are the fun things, like the model mars rover, given to him by students at cal tech. >> thattette bas getting a t-shirt. >> reporter: and the mock "sports illustrated" cover. >> if they ever bring me out it will be as water boy. >> reporter: no fancy flat screen tv, just an old tube. >> no computer. >> reporter:
, other big story today is the continuing yen/dollar/euro data. abe is elected, now he's in power. the bank of japan is going to be meeting january 21 and 22. they're going to raise their inflation target 2%. the yen is at 85 right now. a lot of people are betting it could go to 100. that trade is not yet over. so that is the hot trade that's out there globally right now. number three, i'm pretty optimistic on housing. you saw the numbers on case-shiller, 4.3% increase in october. we're still getting numbers continuing to improve. the levels of affordability are great. mortgage rates remain low. this is one of the bright spots for housing, and will be for the economy in 2013. finally, did you see this amusing story? u.s. government is put on a negative watch by china? by china? the credit rating agency in china put them on the u.s. government debt on a negative rating at this point. negative watch. this, of course, was supposedly independent rating agency created in china to try to rival moody's and s&p and fitch's. that's getting interesting play out there. their independence, of
gone on for 20 -- >> these redline warnings talk? >> cnn projects barack obama will be re-elected president of the united states. >> terror at an elementary school in connecticut. >> 20 children dead. six adults are also dead. >> so our hearts are broken today. for the parents and grandparents, sisters and brothers of these little children. may god bless the memory of the victims. and in the words of -- heal the broken-hearted and bind up their wounds. [ male announcer ] alka-seltzer plus presents the cold truth. i have a cold, and i took nyquil, but i'm still "stubbed" up. [ male announcer ] truth is, nyquil doesn't unstuff your nose. what? [ male announcer ] it doesn't have a decongestant. no way. [ male announcer ] sorry. alka-seltzer plus fights your worst cold symptoms plus has a fast acting decongestant to relieve your stuffy nose. [ sighs ] thanks! [ male announcer ] you're welcome. that's the cold truth! [ male announcer ] alka-seltzer plus. ♪ oh what a relief it is! ♪ [ male announcer ] to learn more about the cold truth and save $1 visit alka-seltzer on facebook. >>>
free election in six years. 2.7 million voters choosing a 200 member assembly, and they draft libya's constitution. after three of the country's power grid's collapse, they experienced the largest blackout in the world. 640 million people without power. london's 2012 summer olympic games proves to be a record-breaking sporting events. michael phelps becomes the most decorated olympian of all time. twenty-two olympic medals. an online anti-muslim film sparking protests around the world. the maker of the movie is in jail in california on unrelated charges. what was originally believed to be an unrelated incident, for americans, including ambassador christopher stevens, are killed of the u.s. consulate in benghazi on 9/11. it is felt that that attack is an act of terror and had nothing to do with the anti-muslim video. killing three of al qaeda's leaders, the u.s. does so in their sector of the terrorist organization becoming more of a shell of its former self. benjamin netanyahu drawing a red line at the u.n. general assembly, indicating iran's approach to the final stage of nuclear b
started off so well, in terms of expectations for economic growth. we had an election this year, too. i think that's another thing that is sort of the key. we hit europe again as we had the last two years previously. but this last quarter, i think there's been a lot more optimism, even with the fiscal cliff sitting there, as sort of this potential, real roadblock at the end of the year. perhaps even too much optimism some would say. when you speak to ceos, there's still a lack of confidence, i would argue on the part of many of them, that you would like to see more of. perhaps a reflection of their concerns about the fiscal crisis that may weigh on our tax spending policies. >> we'll start over the next week or so talking about performers for the year. top s&p performer is pulty, which says how people are viewing how people will view what's driving the economy in the coming year. bank of america has doubled. worst performer on the dow, hpq. there will be crystallizations of what happened overall. >> the perspective on this whole thing is the s&p 500 is still up 14% year-to-date. despite
with a ton of news from the presidential election to the newton shooting. as we say hello to 2013. we want to know what you think the top stories of year. head over to fox friends first . there is two polls to vote on one is for 2012 and lighter side entertainment stories of the year . we will reveal the results live on monday, new year's eve if you can believe it or not. i can't believe it is new year's eve. "fox and friends" first starts right now. have a great day. >> julia: good morning. i am julia hedy in from gretchen. last call in hopes of rescuing off of the fiscal cliff. all that is getting debated is who is at fault and what is the president's plan. according to the white house there is no new proposal. >> and is russia vladimir putin playing with children's lives . what he just did. >>> and the newspapers that published the names of licensed gun owners. fox and friends starts right now. ♪ >> julia: hello, everybody. >> three days left. three days left before we go head first over the fiscal cliff. >> julia: before we talk about the fiscal cliff. you did cavuto. you did o'riell
there. what we gather is the police chiefs don't like it. the elective sheriff, he doesn't like it p. and as we learned from the comments in the newspaper, the gun owners certainly don't like it. that leaves the remaining sector finding the article interesting. >> what do they say about it? >> police chiefs look at it and say, look 40% of these people holding the gun mer mitts are active or retired law enforcement. these are people who may have put people in prison or prison guard who inmates might be looking for their home address and now it's point and click. the other thing is that 8,000 -- i mean if you just take rockland county, 8 thousand either active or retires nypd officers live there. so within the law enforcement community, they say you're giving the people a map to our home addresses that's searchable. >> one of the criticisms here is that potential robbers are going to know who has guns and who doesn't to know which homes to target. how does this make the job more difficult for them? >> it's one of the things you know. i talked to the sheriffs and th
to the devastating storms. the presidential election and much more. first, let's get today's top stories. natalie morales is at the newsdesk. >> good morning, everyone. a winter storm whipping through the northeast today being blamed for at least nine deaths and record snow in arkansas. some parts could get up to 2 feet of snow in the northeast and dangerous driving conditions and canceling more flights. >>> president obama cut short his christmas vacation in hawaii to be back in washington today, five days before the fiscal cliff deadline. he's hoping to avert deepening spending cuts and higher taxes. both parties appear to be daring eacher to let the year end without a deal. treasury secretary tim geithner says he will be taking steps tomorrow to prevent the government from hitting its borrowing limit on monday. >>> toyota announced a billion dollar settlement over acceleration problems and will install a brake override system and compensate owners for the alleged reduced value of their cars and trucks. >>> for what's trending today, a quick look at what has you talking online. he's only rock'n
to a major change in the tax code? >> maybe they were hoping that they would win the presidential election in 2012 and then have a upper hand event. but you know, they didn't go for the permanent rates, the bush era tax rates when they had the chance in 2010 and the sequester, the automatic spending cuts getting lost in the conversation are something they pretty much set up with the democrats in 2011. >> well, here specifically, here is about the millionaire cut off figure because of course, now the president says compromise going out to 4,000. here is what pelosi said in may of 2012 to speaker john boehner. democrats believe those earning over a million dollars a year should expire and we should use the resulting revenues to pay down the deficit. has anybody called her on that, hey, look, you're only for raising rates for millionaires and above before now you're into the $400,000 level? >> i called her on it last week, and she avoided the question and didn't answer it directly. she said, we were trying to smoke out, that was her quote, smoke out republicans and steny hoyer himself mention
. >> rick: he has a long history. he was initially elected in the connecticut state senate in 1970. so 42 years he's been in public service. >> gretchen: 70 years old, now he's retiring. now it's time to look at weather situations. >> rick: look at the massive storm moving east. >> clayton: as dozens of christmas tornadoes terrorized the south last night. take a look. >> oh, my god, look. that's a tornado. oh, wow. look at that tornado. >> clayton: she was right. it was a tornado. eyewitness watching this monster trample through mobile, alabama. thousands of people waking up without power. >> when it calmed down, we looked and everything seemed green, like it was popping off transformers left and right and heard the noise and i took off and started walking down here. >> clayton: brutal winds tossed these cars on top of each other in mcneil, mississippi and left neighborhood a complete disaster zone. >> never seen one in real life and just to be able to hear one from that far away is about a mile from where we are. you can still hear it. it was pretty amazing. >> clayton: while toppled tre
. >> clayton: do you buy the charles krauthammer argument, the president was aware after the election he wanted to create a civil war in the republican party and to charles point he did that? >> yes, i think this obviously was to drive a wedge between the house conservative republicans and house capitulationist republicans and of course between the senate republicans and the house republicans. when the ball is in harry reid's court this is not a good thing for conservatives and what's going to happen now between today and tomorrow is, if you've got mitch mcconnell and harry reid sitting down, never a good thing and apparently, trying to come up with income tax thresholds, and if they don't come up with something, again, that wedge gets driven further and obama can sit in the cat bird's seat and blame, blame, blame republicans for their obstructionism. >> dave: quickly, you think a deal gets done, a threshold say around a half million dollars, unemployment gets extended and very little cuts, is that basically what you think happens here? >> i think that's right. i think that's the basic outline
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